Articles tagged 'tax'

$8m collected under Health levy 25 July 2017 HARARE - Government has collected $8,2 million since January from a Health Fund levy of $0,05 for every $1 of airtime and mobile data, Finance minister Patrick Chinamasa has said. To increase the tax base and meet his $4,1 billion 2017 Budget, which was flat on 2016, Chinamasa said the continu...
Taxman targets Zanu PF chefs 15 July 2017 HARARE - The country's nouveau riche — especially bigwigs in Zanu PF who have made enormous wealth in the midst of widespread poverty — face lifestyle audits by the Zimbabwe Revenue Authority (Zimra), which is desperate for revenue to fund President Robert Mugabe's bloated administration that has...
Zimra to chase cash hidden in tax havens 15 July 2017 HARARE - Zimbabwe’s tax agency has said it wants to uncover billions of dollars in undeclared assets kept by Zimbabwean citizens in foreign countries amid a worsening liquidity crunch. This comes as Zimbabweans have externalised billions of dollars, ranging from the relatively small bank depos...
Zimra surpasses revenue target 14 July 2017 HARARE - Zimbabwe’s tax agency Zimra has said it exceeded its 2017 second quarter revenue target by over 9 percent, as the economic outlook became positive, buoyed by the good agricultural season and a battery of measures to stimulate investment, exports and production. Zimra chairperson Willi...
'Health levy to stem drug shortages' 11 July 2017 HARARE - Health and Child Care minister David Parirenyatwa says the five percent health levy introduced by government on all air time purchases will improve ordinary citizen’s access to drugs and better health care. Government began deducting a five percent health levy on all airtime purchases...
Airtime levy target missed 7 July 2017 HARARE - Zimbabwe's airtime levy missed its January target of $4 million after the country collected only $3 million due to worsening economic conditions. The government introduced a five percent levy on all airtime purchases for mobile telecommunications firms in 2014 as part of strategies to...
Chinamasa against Road Accident Fund 28 June 2017 HARARE - Finance minister Patrick Chinamasa said he is against the establishment of a Road Accident Fund (RAF), aimed at assisting road accident victims, as it will negatively affect insurance firms’ revenues and burden taxpayers. This comes as Transport minister Joram Gumbo has been pushing f...
Zimra collects $1,4bn 7 June 2017 HARARE - The Zimbabwe Revenue Authority (Zimra) has collected over $1,4 billion in the five months to May this year due to intensified audits and enforcement activities, improvements in operational efficiency, and client engagement initiatives that are being undertaken to enhance revenue collecti...
Taxes not solution 29 May 2017 HARARE - Last week, President Robert Mugabe's government announced plans to introduce a fuel levy – news that was received with shock and sadness by the long-suffering masses. While the motive – to bankroll a Road Accident Fund (Raf) – is noble, in light of the road carnage that has been witne...
Economic decline hits 'sin taxes' 29 April 2017 HARARE - Zimbabwe's excise duty collections have been nose-diving on the back of deteriorating economic conditions, the Zimbabwe Revenue Authority (Zimra) said. Zimra chairperson Willia Bonyongwe said revenue from excise duty in the first quarter amounted to $150,2 million against a target fig...
New govt health levy to hit mobile subscribers 11 April 2017 HARARE - The decision by President Robert Mugabe's stone-broke government to implement a five percent health levy on airtime and mobile data will hit hard long-suffering ordinary Zimbabweans who are reeling from multiple effects of a dying economy, experts say. This comes as two weeks ago, gov...
Zimra surpasses target 10 April 2017 HARARE - Tax collector, Zimbabwe Revenue Authority (Zimra), on Friday said it surpassed its first quarter 2017 collection target on the back of improved collections. Zimra said it had surpassed its first quarter target with gross collections coming in at $862,4 million, six percent above targe...
Zim's multiple taxes stalling progress 4 April 2017 HARARE - The clueless and desperate Zanu PF administration has come up with a raft of new taxes, further strangling its overtaxed citizens. President Robert Mugabe’s government last Thursday imposed a new 10 percent tax on tobacco sales, resulting in angry farmers threatening to withhold their...
'Zimbos' now taxed to death 2 April 2017 HARARE - President Robert Mugabe's cash-strapped government is going for broke — slapping long-suffering poor Zimbabweans with a raft of new taxes in its desperate efforts to raise revenue to meet its obligations, including paying its restive workers on time. So financially distressed has the ...
Spot fines hike spurs outrage 2 April 2017 HARARE - Zimbabwean authorities have generated outrage after increasing spot fines by up to 100 percent to try to deter road carnage, to the bemusement and anger of many motorists. Motorists demanded a rollback of that increase to make sure spot fines remain affordable. This comes as Financ...
Crisis as the govt hikes farmers' tax 1 April 2017 HARARE - President Robert Mugabe’s stone-broke government has imposed a new 10 percent tax on tobacco sales, prompting angry farmers to threaten to withhold their crops for the current marketing season. This comes as impoverished Zimbabweans are reeling from a wave of other additional taxes th...
Broke govt hikes traffic spot fines 30 March 2017 HARARE - President Robert Mugabe's stone-broke government has increased traffic spot fines by nearly 100 percent, in a controversial move it claims will reduce road accidents. This comes as Finance minister Patrick Chinamasa has just slapped suffering small businesses — including hair salons, ...
Concern over Zim's multiple taxes 29 March 2017 HARARE - The raft of taxes imposed by the hard-pressed government could do more harm than good to Zimbabwe's economy, as the move overburdens long-suffering citizens and threatens small businesses' survival, economic analysts have warned. They said as the desperate President Robert Mugabe admi...
Health levy comes into force 29 March 2017 HARARE - Government has begun deducting a five percent health levy on all airtime purchases in a desperate bid to raise funds to acquire drugs and equipment for public hospitals. Finance minister Patrick Chinamasa proposed in his 2017 National Budget to introduce the tax on airtime and mobile ...
Govt to tax kombis, hairdressers 28 March 2017 HARARE - Broke President Robert Mugabe's government has introduced taxes for commuter operators – popularly known as kombis – and hairdressers, as part of desperate moves to raise funds. According to last Friday's gazette, authorities were given legal teeth to compel the “operators of hairdres...
'Tich Mataz has case to answer' 16 March 2017 HARARE - A Harare magistrate yesterday ruled that popular television and radio personality Tichafa Matambanadzo had a case to answer as he dismissed an application filed for discharge at the close of his tax evasion case. Matambanadzo is being charged with contravening Section 182 of the Excis...
Malawi Times sealed off 13 January 2017 BLANTYRE - The  Malawi Revenue Authority (MRA) has today sealed Times Group offices in Blantyre over tax arrears the media group owes government. Operations at Malawi's privately-owned media business, The Times Group, have been stopped after officials from the revenue authority, accompanied by...
Zim mulls new mining tax 10 January 2017 HARARE - Zimbabwe is planning to introduce a new mining tax this year aimed at boosting the country's depleting revenue streams, businessdaily has established. Finance minister Patrick Chinamasa said the country has engaged an unnamed tariff consultancy firm from Norway to come up with the new...
'Zimra car importers crackdown illegal' 31 July 2016 HARARE - Zimbabwe Revenue Authority (Zimra)'s recently-launched crackdown on car importers is illegal and exposes the tax collector to litigation, constitutional law experts said. Last week, Zimra announced that it was probing vehicles imported into Zimbabwe between January 2014 and June 2016 ...
Zimra cracks down on vehicle importers 27 July 2016 HARARE - The Zimbabwe Revenue Authority (Zimra) has launched a crackdown against car importers as it bids to stamp out corrupt practices and revenue leakages which have seen the authority suspending its top management. This also comes as the tax agency has been engulfed in a scandal of its own...